PizzaExpress Hires Advisers Ahead of Debt Talks With Creditors

Pedestrians walk past a Pizza Express restaurant in central London.

Photographer: Tolga Akmen/AFP via Getty Images

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PizzaExpress Ltd. hired financial adviser Houlihan Lokey Inc. to prepare for debt talks with its creditors amid tough trading conditions for U.K. restaurant chains, according to people familiar with the matter.

Separately, a group of secured bondholders started working with Perella Weinberg Partners after appointing law firm Latham & Watkins in July, said the people, who asked not to be named because it’s private.